NIFRA receives IPO application worth Rs 14 billion in three days

Kathmandu: Investors have been attracted to the IPO of Nepal Infrastructure Development Bank, which has started selling IPOs to the public since last Friday. Within three days of the eviction, more than Rs 14 billion worth of IPO applications have been demanded.

So far, an IPO demand of Rs 14.19 billion has been received. The bank has started the sale of 80 million shares worth Rs 8 billion from Friday.

Out of 80 million, 160,000 will go for employees and 400,000 will go to mutual funds. The general public can buy the remaining 75.84 million ordinary shares.

The general public can apply for 10 to 20 million share units. The application deadline is January 6.

If the application is not received within the stipulated period, the time will be extended again. Due to the large size of the bank’s ordinary shares will be received by all who fill the IPO.